What is Economies of Scope

Economies of scope are "efficiencies formed by variety, not volume". In economics, "economies" is synonymous with cost savings and "scope" is synonymous with broadening production/services through diversified products. Economies of scope is an economic theory stating that average total cost of production decrease as a result of increasing the number of different goods produced. For example, a gas station that sells gasoline can sell soda, milk, baked goods, etc. through their customer service representatives and thus gasoline companies achieve economies of scope.

How you will benefit

(I) Insights, and validations about the following topics:

Chapter 1: Economies of scope

Chapter 2: Economies of scale

Chapter 3: Monopoly

Chapter 4: Natural monopoly

Chapter 5: Oligopoly

Chapter 6: Perfect competition

Chapter 7: Opportunity cost

Chapter 8: Profit maximization

Chapter 9: Break-even (economics)

Chapter 10: Experience curve effects

Chapter 11: Marginal cost

Chapter 12: Average cost

Chapter 13: Diminishing returns

Chapter 14: Returns to scale

Chapter 15: Marginal revenue

Chapter 16: Bertrand competition

Chapter 17: Cost curve

Chapter 18: Supply (economics)

Chapter 19: Minimum efficient scale

Chapter 20: Marginal product of labor

Chapter 21: Socially optimal firm size

(II) Answering the public top questions about economies of scope.

(III) Real world examples for the usage of economies of scope in many fields.

Who this book is for

Professionals, undergraduate and graduate students, enthusiasts, hobbyists, and those who want to go beyond basic knowledge or information for any kind of Economies of Scope.